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RL188 – The Rulebook for Trading and Investing Success

In this episode of the Retirement Lifestyle Show, Roshan Loungani and Adrian Nicholson break down Jim Paul and Brendan Moynihan’s book – What I Learned Losing a Million Dollars. They cover the 5 essential elements for successful investing, dealing with losses as an investor, how disciplined consistency can make you a successful investor, and much more. Listen now to learn more about The Rulebook for Trading and Investing Success.

[00:00] Introduction

[02:41] Deciding What Type of Investor You Want To Be

[05:29] 5 Crucial Steps in a Solid Decision-Making Process

[08:11] The Difference Between a Successful and an Unsuccessful Investor

[12:27] How to Select Your Preferred Method of Analysis

[16:27] Are Controls Important For Successful Investing?

[21:58] When to Treat Investing as a Game

[23:50] Taking Losses is Part of Investing

[27:01] How to Formulate Your Investing Plan 

[30:17] Control, Stop Price, and Price Objective

[34:12] Being Right Versus Being Profitable

[37:10] Focus on What the Market is Doing, Not Why the Market is Moving

[39:57] Disciplined Consistency is the Key to Success in the Markets

[41:29] Parting Thoughts

To read the Full Show Notes scroll down or click here.

  • Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
  • Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
  • Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905

Listen now to learn more about The Rulebook for Trading and Investing Success.

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The Rulebook for Trading and Investing Success

Full Show Notes:

The 5 Essential Elements For Succesful Investing

Successful investing is a well-planned and disciplined journey. Unfortunately, this journey does not always go according to plan. Some days, you’re cruising to financial freedom. Other days, you wake up, and everything’s gone. Whether you’re a novice or a seasoned pro, these five essential elements can help you become a successful investor. 

 

  1. Decide What Type of Investor You Want to Be

Determining your investment goals and risk tolerance is the first step in your investment journey. Are you looking for long-term growth or short-term gains? Are you comfortable with higher risks for potentially higher returns, or do you prefer a more conservative approach? 

 

  1. Select a Method of Analysis

There is no guesswork in the world of investing. To succeed, you must use either of the two primary analysis methods: fundamental and technical. Fundamental analysis involves evaluating a company’s financial health, management, and industry trends. Technical analysis, on the other hand, relies on historical price data and chart patterns to predict future price movements. 

 

  1. Establish Controls

Risk management is arguably the most important part of successful investing. Establishing controls means limiting how much you’re willing to invest and how much you’re comfortable losing.

 

  1. Formulate a Plan

We all know that a well-thought-out investment plan is the surest path to investment success. Roshan explains that you must define your goals, time horizon, and risk tolerance. Your plan should also include strategies for asset allocation, portfolio rebalancing, and a contingency plan for unforeseen circumstances. A solid plan helps you stay disciplined when the markets are volatile.

 

  1. Develop Rules for Investing

Establish rules for your investments to ensure you stay on course. These rules should cover entry and exit points, profit-taking strategies, and risk management. Disciplined consistency will shield you from emotional decision-making and contribute to long-term success.

Links and Resources:

What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan

Listen now to learn more about The Rulebook for Trading and Investing Success.

Disclaimer Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions consult a professional. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it’s licensed under a Creative Commons license.

Thank you for listening.

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Securities offered through Arete Wealth Management, LLC, member FINRA, SIPC and NFA.

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